Stock transfer between accounts

milester2

I take my MDR from my IRA as a transfer of stock from the IRA to a brokerage account. There is no sale of stock, just a transfer. I have to enter the transaction in Quicken as a sell in the IRA, withdrawal of cash, deposit of that cash in the brokerage account and the record a buy for the same number of shares. Can we simplify this?

Rocket J Squirrel

You have to do it that way to establish the stock's new cost basis in the taxable account. Quicken does have a "Shares Transferred Between Accounts" action, but that would not set the new basis and would not cause Quicken to note this as a taxable event.